The AT1 issuance would increase Bank Sohar's regulatory Tier 1 capital ratio ahead of Oman's implementation of Basel III capital requirements and will support liquidity.
Our credit view of Bank Sohar, reflecting its modest profitability and capitalisation, moderated by weakening asset quality and high market funding reliance.
Our credit view of Bank Sohar, reflecting its sound profitability and modest capitalisation, moderated by high credit concentrations and high market funding reliance.
Our credit view of Bank Sohar reflects the bank's sound profitability and modest capitalisation, moderated by high credit concentrations and high market funding reliance
Rating Action: Moody's assigns first-time ratings to Bank Sohar SAOG. Global Credit Research- 04 Jan 2018. Local and foreign currency deposit ratings of Baa3 with negative outlook.